and this explosion occurred on a shallowwater rig by black elk energy. apparently four people medevacked from the location and two others are missing and not accounted for. the coast guard continues to investigate an bringing viewers up to date on when's happening there in the shallow waters in the gulf of mexico. we did see oil prices react immediately, spiking more than $1.50 on the news and then giving back the gains. we are seeing a slight recovery and in line with what we're seeing in equities, as well. back to you. >> thank you so much. sharon epperson watching that breaking story from the nymex. to debrief the last hour, republicans have put revenue on the table and i guess you could argue that's a big change from two years ago, even a year ago. i wonder if you think we have made -- there's been a little more progress than we're giving the situation credit for given the fact we're so myopic about the day-to-day negotiations. >> i absolutely do. this is building over time, since the collapse of those grand bargain negotiations in the summer of 2011